23 Harker AveBerlin, NJ 08009

Property Details for 23 Harker Ave

Lot size

0.65 AC

Property size (Sq ft)

4,100 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

05 01003-0000-00002

APU

501003000000002

Description

This exceptional 4,100 square foot medical office building, located at 23 Harker Avenue in Berlin, New Jersey, presents a unique owner-user or investment opportunity. The Class B property boasts recent renovations, including a new roof, updated oil tanks, and a modern air conditioning system, ensuring efficient and comfortable operation. The building is situated on a convenient lot providing ample parking with 20 spaces located both in front and behind the building. Its prime location offers easy access to major roadways, including Route 73, the White Horse Pike (Route 30), I-295, the New Jersey Turnpike, and the Garden State Parkway, ensuring convenient commutes for staff and clients. The property is zoned for medical and commercial use, providing flexibility for a variety of professional practices. Currently available for immediate occupancy, this building is ideal for medical professionals seeking a well-maintained and conveniently located space to establish or expand their practice, or for investors seeking a strong return on investment in a thriving market. The single building is located in Camden County, New Jersey, zip code 08009.

• CAP approach

  CAP return

  Valuation

  6%

  $1,265,007

  6.5%

  $1,167,699

  7%

  $1,084,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,706

  Geo Method

  $535,706

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,946

  Hospitality

  $1,326,311

  Educational

  $1,103,475

  Medical

  $1,141,425

  Retail

  $1,716,517

Location Insight

City

Berlin

County

Camden

State

New Jersey

Latitude

39.7979

Longitude

-74.9313

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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